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U.S. Dollar the Bull in a field of Bears - USD longThe U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of the index is a fair indication of the dollar’U value in global markets. USD is breaking out of a 7 1/3 years consolidation channel and will likely gain more strength against this currency basket, particularly against the EUR. The US will likely be able to avoid a recession and a stronger economy. So get used to the idea for a parity of the USD against the EUR and likely even the EUR trailing the USD sooner then later. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
TVC:DXYLong
by CarpeMomentum
Will DXY break above very important resistance?(long term view)Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104. After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance. If you also look at the daily chart you can see that a small triangle is forming under this resistance, giving us the idea that a break up is imminent. I expect another 10% rise for DXY to around 115 and only if the index falls back under 100 I will change my very strong bullish outlook for the Dollar
CAPITALCOM:DXYLong
by Mihai_Iacob
4
DXY. MARKET REVERSE. BULLS TIME TO WAKE UP.An important indicator of the state of the market is the dollar index. It is from it that we can see the big picture. Is the dollar in demand in the markets? Where is the market heading? At the moment, we are approaching the zone of a possible market reversal. The price tag is 104-105 points per dollar. Taking into account the fact that several more Fed rate hikes are planned this year, we can slip through this zone and go to the global goal. The global target for the growth of the dollar index is 112-113 points. From there, I expect strong growth and an outflow of capital into risky assets, as well as a rebound in the stock market. After working out the targets for growth, I expect a global working out up to 90 points on the dollar, from there a strong correction and red days for the stock and crypto markets.
TVC:DXY
by BIT_RAF
1
DXY & Bitcoin Correlation ( $300 Target In 2025 )DXY V/s Bitcoin Correlation :- TF:- 2W ✨DXY is currently at $103 Level. ✨Multiple Price Rejections are seen from Support & Resistance zones. ✨RSI bearish Divergence is also seen, While RSI is in OverBought levels. ✨Bearishness is expected in DXY by looking at Current Price Action. ✨We need to wait till the confirmation of Price Rejection from the Resistance zone . ✨ If the Price reject then it can go to the levels of $95 , $93 or $90 ✨ For Bullishness in DXY = Price needs to give a Breakout of $103 level with Strong Bullish Green Candle and should give closing above it. ✨If DXY gives a Breakout, Then the Price can go up to levels of $115 - $120 or higher. Conclusion = = If DXY Breakout Above $103 Mean Bitcoin Super Bearish and Target would be $25000-$30000 Again. = If Rejection as per the chart then we can see Bullish Mode Continues And Target would be $52800/$100k Folmula = Y = 1/X Where Y = DXY and X = Bitcoin Thank you for Reading. Don't forget to Like and Share. Show Some love in the Comments.
TVC:DXYShort
by CryptoPatel
8
Bear scenario in BitcoinThis is a pretty compelling bear case for Bitcoin right now. Macro head and shoulders on weekly chart. Price could retrace to bottom of the ascending channel. That will be a huge price test. If it fails, we could see a retracement back to the 200 VWAP which happens to coincide with/around the last cycle's prior high. That would be a great are to accumulate more as the price of Bitcoin has historically rallied back quickly to the 200 VWAP. It would also make the chart look a bit more like previous cycles as well. More importantly though is comparing it to the $DXY chart. This is super interesting as it coincides very well with the current $DXY value within its local symmetrical wedge. If the $DXY breaks out of that wedge, it will likely make a strong run to ~$108. Not 100% convicted in this but it's curious and is worth keeping an eye on over the next few weeks/months.
BITSTAMP:BTCUSDShort
by rfc4
1
DXY - start of the Roaring 20sHi there, DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency " as we see examples from Russia, Demanding payments of Gas and Oil in Rubble, this is Showing a change of regime for the Dollar Dollar has been so strong last week, Why? In a last wave and a topping process, market makes sure to Change everyone sentiment , and bias , to that particular currency, in this case the Dollar, a massive move on the upside is turning everyone into Bullish on the Dollar, as it prepares a massive Fall, and when the fall Starts, Nobody will be expecting it, as we saw a massive rally last weeks. Currencies to Long vs the Dollar Mainly , AUD, GBP, EURO, NZD Which Currency will be the next "World Reserve Currency"? From the charts, JPY is suggesting that it will be the next strongest Safe Haven in the incomming Months, So, Prepare to Short USDJPY as well, on this Dollar crash Good Luck!
TVC:DXYShort
by fernandoc17
6
DXY/USDCAD/EURUSD - REVERSAL EXPECTED?DXY - Dollar Index has approached to its 5 year high of 103 - 104 with strong monthly candle. USDCAD - is approaching to the 2021 resistance level which it breaks during Covid-19 period. EURUSD - has been testing 2015/16 lows after breaking Covid-19 lows. Both the pairs are heavily dependent Dollar Index which remains in limelight after FED Interest rates expectations. What should we expect from here? Since all three are at important levels which can be the reversal points or continuation of the main trend. We have been waiting for DXY to make a move first. If we have closing above resistance with FED rate hike in May'22 the trend will continue. Let us know what do you think in comment sections.
TVC:DXY
by JustTradeSignals
3
DXY - Prediction & Correlation with BTCHey everyone. I hope everyone is doing well. I have A VERY VALUEABLE chart here which contains some valuable information for predicting where INDEX:BTCUSD will be heading. Also note that altcoins move in tandem with BTC especially when it makes a big move! If you're new to BTC or are otherwise unaware, BTC has had a strong correlation with the DXY over its history. Whichever way the DXY is moving, BTC is USUALLY moving the opposite direction. If you go back and look at the start of BTC's previous 2-3 bull runs, you will notice that they start at around the same time the DXY is topping out. With that said, It's important to note that the DXY is currently at a resistance level which you can see on the chart. This will be the 3rd attempt at this resistance level which is significant because when learning technical-analysis, you learn that the 3rd attempt is usually a MAKE-OR-BREAK type of situation. Either you break through resistance and turn it into support, OR you get rejected a 3rd time which usually leads to the current SUPPORT level breaking under it as well. These are MONTHLY candles. Notice how the previous 2 rejections at this resistance show decent sized "wicks" at the top where they were rejected. Candle "wicks" are usually a good sign of a trend reversal coming, especially when there are multiple wicks at the same resistance/support levels. There are just over 4 days left in this month so if the DXY is to get rejected here (VERY UNLIKELY), it needs to start dropping fast. I don't think that is going to happen this time as the DXY still appears to be strong on the smaller timeframes. However, IF the DXY does somehow get rejected here, It's very likely that BTC will bounce and see a major trend reversal. Like I said, I think that scenario is highly unlikely and the most likely outcome is DXY continues UPWARDS, and BTC continues DOWN. I've included a couple indicators which support the IDEA. The RSI indicator is showing a higher-high, where the price action is showing slightly lower-highs. This usually is a sign of strength compared to the previous rejections indicated by the yellow circles on the chart. It is a good indicator that the DXY has more strength now than previous attempts, and will likely BREAK ABOVE resistance and continue UPWARDS! I've also included the MACD, which I often like to use along with the RSI. At the previous 2 rejections, the MACD indicator had crossed down and was looking very weak. The MACD is in a MUCH BETTER position now and is actually looking VERY STRONG. Both of these indicators suggest that the DXY has more strength than it did at previous times at this level. This supports my idea that the DXY will continue upwards and also supports my previous charts showing BTC will likely continue downwards. Notice I drew a line which is just speculation showing a possible path that I think is likely for the DXY going upwards. The line shows the DXY eventually getting rejected at a major resistance level from 2000-2001. What's important here is if the DXY does continue upwards to the 2000-2001 resistance level, It will likely be around the same time as the next BTC halving event which is in MARCH 2024. THIS MAKES PERFECT SENSE as that's around the same time I expect BTC to start another MAJOR BULL RUN to 100K+. HISTORICALLY, over the past decade, EVERY BTC BULL RUN started right after the BTC halving event. The next BTC halving event is MARCH 02, 2024. For those who do not know, A BTC halving event happens approximately every 4 years. The halving events specifically reduce the amount of BTC that BTC MINERS earn by 50% from that point forward. So, over time, It becomes harder and harder to earn BTC and BTC becomes much more scarce. Eventually (in year 2140) the last BTC will be mined and no more BTC will ever be created again. This is what gives BTC value, makes it deflationary, and also the reason we always see a bull run after the halving events. Well, I feel I've rambled on and on enough now. Hopefully this information helped some of you. If you guys like this idea please Like , follow, and share! I appreciate it A LOT as I always put a LOT of time into these ideas, especially the ones I post to TradingView. Also feel free to comment and leave me your thoughts. Thanks again
TVC:DXYLong
by Mboersma0324
3